The foundation of the American Dream is to have a home to call your own. Unfortunately, the booming housing market in previous years allowed too many individuals to buy a home that they could not afford with loans that were not appropriate given their financial circumstances. Today, those individuals are facing foreclosure and the surrounding communities are seeing drastic drops in property values and taxes. In order to reestablish confidence in the housing market, it is important for me and my colleagues in Congress to support policies that provide assistance to at-risk homeowners and relief to negatively impacted communities.
An important way to assist homeowners is to ensure that they have access to transparent information regarding mortgages and credit. I voted in favor of legislation creating the Consumer Financial Protection Bureau (CFPB), an independent agency with a range of rulemaking, information-gathering, supervisory, and enforcement tools to regulate financial products such as mortgages and credit cards. I believe with adequate knowledge and protections, consumers can responsibly achieve the American dream of homeownership.
I will continue to focus on addressing foreclosures; an issue too many homeowners still face. Whether homeowners can no longer afford their monthly payments due to job loss or increasing adjustable rate mortgages, or they cannot sell their home because they owe more than it is worth, foreclosure rates may continue to rise for the near term. I will remain vigilant in finding solutions to avoid foreclosure and that continue to push for reforms to ensure that the American dream of owning a home remains attainable.
More on Housing
This week, I cosponsored several important pieces of legislation to prevent bullying in schools, improve climate literacy, incentivize the use of sustainable fuel, improve housing equity and accessibility, invest in girls’ civic education globally, recognize the contributions of immigrants, and expand the program to provide visas to our Afghan allies as the U.S. withdraws from Afghanistan.
Last week, I voted to pass several important pieces of legislation, including the Protecting Older Workers Against Discrimination Act, the Preventing Crimes Against Veterans Act, the Equal Access to Contraception for Veterans Act, the LGBTQ Business Equal Credit Enforcement and Investment Act, and the Enhancing State Energy Security Planning and Emergency Preparedness Act. The House also passed Senate resolutions, S.J.Res.13, S.J.Res.14, and S.J.Res.15 which overturned Trump era rules.
Last week, President Biden released his budget for the next fiscal year. Included are several key priorities, including investments in health research and public health, affordable childcare for low and middle-income families, free, universal pre-school, investments in teachers and historically underfunded public schools, funding for housing assistance, and jobs training.
This week, I joined my colleagues in submitting funding requests for the next fiscal year during what is known as the appropriations process. These requests are sent to the House Committee on Appropriations as they craft this year’s funding bill which will include programs that impact millions of Americans. This newsletter will focus entirely on a few of the funding requests I prioritized this year. I led letters requesting funding for Central America and the Merida Initiative in Mexico, in addition to a letter with Rep.
This week, I signed onto legislation holding polluters financially responsible for cleanup efforts at Superfund sites, providing a pathway to citizenship for undocumented essential workers, allowing marijuana-related businesses to access banking services, and incentivizing doctors to serve in rural communities. I also signed on to letters urging stronger support for breastfeeding mothers and infants, and affordable housing support in the Build Back Better infrastructure package.
Last week, the House passed the American Rescue Plan, a comprehensive $1.9 trillion COVID-19 relief bill that will help hard-working Americans and reinvigorate our economy. The House also passed legislation to ensure equal rights regardless of sexual orientation and gender identity. I attended a markup of the American Rescue Plan with the House Committee on the Budget and attended a markup for the House Foreign Affairs Committee on legislation to revitalize the State Department.
(Washington, D.C.) – Last night, Congressman Albio Sires (D-NJ) voted in favor of H.R. 1319, the American Rescue Plan Act, a comprehensive COVID-19 relief bill that includes funding to expedite the vaccine rollout, send economic impact payments to Americans, safely reopen our schools, and assist individuals receiving unemployment payments. H.R. 1319 passed the House by a vote of 219-212.
This week, the country celebrated the inauguration of President Biden as the 46th President of the United States. It was an inspiring and uplifting day, and highlighted how much work must be done this term to build up and renew our communities. As the pandemic continues to rage across the country paired with unemployment rates that remain far too high, and with an urgent need to forcefully confront our climate crisis, leadership, truth, and informed public policy are greatly needed.
This week, we continue to work through the fallout from the January 6th attack on the Capitol and determine how policy can best address the many failures we witnessed. On Wednesday, the House of Representatives voted to impeach President Donald Trump for inciting violence and insurrection against the Government of the United States. In addition to cosponsoring the legislation bringing impeachment articles against the President, I cosponsored a resolution condemning and censuring Rep.
(Washington, D.C.) – Today, Congressman Sires reintroduced the Local Solutions to End Homelessness Act to empower communities in New Jersey to prevent and address homelessness.
“This legislation will empower communities in New Jersey to implement solutions and programs that provide critical affordable housing services,” stated Rep. Sires. “Our cities are on the front lines of homelessness prevention, and I will continue to support their efforts to make housing more secure and affordable for all 8th District residents.”